SWISS GOLD HITS RECORD HIGH AS GOLD BREAKS OUT

by Joe Battaglia | April 09, 2010

The metals are higher again today and look as though they will finish off the week on a positive note. The dollar is down 9 basis points, while gold is up $3 in early trading. Silver is up $.22. Gold continues to move higher even though Greek financial concerns eased. Gold is trading as a currency and people are beginning to recognize that neither the euro nor the greenback are secure currencies. Gold is a better alternative. Many are coming to the view that over time the debt problems of both the U.S. and Europe will continue to weigh on their currencies and gold will be the beneficiary. If China revalues the yuan, as it appears they will, that too will weaken the dollar and will result in increased inflation in the U.S. Further supporting gold is the fact that gold has settled above $1,150 for two sessions in a row and appears as though it will do so again today. It would be nice for gold to develop a base above $1,150 and then prepare itself for a move up to $1,175 to $1,200. Many analysts think this will occur in the coming weeks. Analysts further say that the technical outlook for gold based on the charts is excellent as well.

A growing number of investors are looking to gold as a proper diversification asset because of its excellent upside potential. Others look at gold as a safety play looking to protect the purchasing power of their wealth. Whichever category you may fall into, it is worthwhile to consider owning some gold and silver for proper diversification.

Call Goldline today at 1-877-341-2646 for assistance adding gold or silver to your portfolio. Ask them about their Price Guarantee Program. Be sure to ask for the free information package, which contains excellent information, including the new article in which they explain that China's largest bank with over 200 million customers plans to offer a daily gold accumulation program. This article is very interesting. Call Goldline now at 1-877-341-2646.

Investors should ask Goldline to explain the features, benefits and cost structure of the various gold and silver products that are available to you. Select those that best meet your own personal and individual investing needs and objectives. Investors looking for low transaction costs may wish to consider bullion assets such as American Eagles, Krugerrands, Canadian Maple Leafs, Silver Bags or Silver Bars. However, the Price Guarantee Program is not available with these assets.

If you would like to take advantage of the Price Guarantee Program, which provides you with a window of opportunity in which to re-price your order in the event of a correction, you must select assets with some collectible value such as 20 Francs, Double Eagles and Silver Dollars. Call Goldline at 1-877-341-2646 for further information on the Price Guarantee Program.

To receive the free information package on gold investing, call Goldline at 1-877-341-2646. You will also receive the Client Account Agreement, a company brochure and a Coin Facts Risk Disclosure Booklet. Read these carefully before you make a decision. Call Goldline at 1-877-341-2646 now to receive your free gold investors package.

†This material has been prepared for private use. Although the information in this commentary has been obtained from sources believed to be reliable, Goldline does not guarantee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice.

You should review Goldine's Account Agreement along with our risk disclosure booklet, Coin Facts for Investors and Collectors to Consider ®, prior to making your purchase. Goldline has a spread or price difference between our selling price, called the "ask", and our buy-back price, called the "bid". That spread varies depending on coin or bar you acquire. Spreads on 1 oz bullion coins, 90% silver dimes and quarters, and one ounce and larger bullion bars are 13%. All other coins have a spread of 28%. There is also a 1% liquidation fee when you sell your coins back to Goldline. The market must go up enough to overcome this spread before an actual profit is achieved. Precious metals and rare coins can increase or decrease in value. Past performance does not guarantee future results. Coins are a long-term, three- to five-year, preferably five- to ten-year investment. We believe precious metals are suitable for 5% to 20% of the average investment portfolio though others may recommend a different percentage.

To receive free information package on gold and precious metals investing, call Goldline at 1-877-376-2643.

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